Page 29 - Ocean Wind News Today

EXCLUSIVE: The Biden administration quietly reversed a Trump administration ruling, granting a offshore wind developer's request to waive a significant fee.

The Bureau of Ocean Energy Management (BOEM) informed Vineyard Wind that it had waived a financial assurance for decommissioning costs fee in a June 15, 2021, letter obtained by watchdog group Protect the Public's Trust (PPT). Federal statute mandates that developers pay that fee prior to construction on their lease, a potentially hefty fee designed to guarantee federal property is returned to its original state after a lessee departs its lease.

If announced projects for the manufacturing of PV, electrolyzers and batteries as of September are put into operation, clean energy deployment will meet 20...

A Q&A with Ørsted Americas CEO David Hardy.

Construction industry news, trends and jobs for building professionals who want mobile-friendly content.

Federal regulators approved the construction and operation of two offshore wind facilities this week, projects that would power between 700,000 and 1 million New York homes and be built off Long Branch and Long Island. Empire Wind would cover 80,000 acres of Atlantic ocean and power about 1 million New York homes, according to the company's website. Empire Wind is a partnership between Equinor, a Norwegian energy and petroleum company, and BP, the oil and gas company formerly known as Briti...

“It is clear that Ørsted has abandoned the development of Ocean Wind 1 and Ocean Wind 2, but it is also clear that they believe that they can sell their lease and their state and federal permits,” said Donohue. “For Ørsted to break every promise it made to multiple New Jersey communities, to break all the promises it made to trade unions in South Jersey, to break all of its contractual obligations with New Jersey agencies and then believe that ...

Cape May County will continue challenging permitting for offshore wind development in New Jersey despite one of the companies planning to build wind turbines along the coast abandoning its projects.

The first offshore wind projects were canceled because the economy shifted and inflated costs. Its started to shift back and the case for offshore wind energy remains strong.

The first offshore wind projects were canceled because the economy shifted and inflated costs. Its started to shift back and the case for offshore wind energy remains strong.